Integrated Circuit 3rd Generation
Integrated Circuit 3rd Generation. A monolithic integrated circuit (also known as IC, microchip, silicon chip, computer chip or chip) is a miniaturized electronic circuit (consisting mainly of semiconductor devices, as well as passive components). The semiconductor IC packed a huge number of transistors, capacitors, diodes, and rectifiers onto a single germanium or silicon.

Not much of a difference, but Intel never stated Ivy Bridge was going to be more powerful.
The resulting circuit is thus a small monolithic 'chip,' which may be as small as a few square millimeters.
An integrated circuit or monolithic integrated circuit (also referred to as an IC, a chip, or a microchip) is a set of electronic circuits on one small flat piece (or "chip". Their products set the performance standard for applications like digital manufacturing, IoT, medical devices, robotics, lab automation, industrial, and battery-powered. All the IC's have interconnected discreet devices inside the chip and the corresponding external connecting terminals.